JHT(SH:603199)2023-04-25 16:00Financial Performance - The company reported a net profit attributable to shareholders of -13,699,375.21 CNY for the year 2022, with an ending undistributed profit of 702,627,589.29 CNY[6]. - The parent company achieved a net profit of -15,503,340.52 CNY for 2022, with an ending undistributed profit of 547,087,645.41 CNY[6]. - The company reported a total revenue of CNY 332.04 million in 2022, a decrease of 22% compared to CNY 425.67 million in 2021[24]. - The net profit attributable to shareholders was CNY -13.70 million, representing a decline of 122.63% from CNY 60.52 million in the previous year[24]. - The basic earnings per share (EPS) was CNY -0.12, down 121.82% from CNY 0.55 in 2021[25]. - The cash flow from operating activities was CNY 48.75 million, a decrease of 59.42% compared to CNY 120.13 million in 2021[24]. - The company's total assets at the end of 2022 were CNY 1.48 billion, a slight decrease of 0.90% from CNY 1.49 billion in 2021[24]. - The weighted average return on equity (ROE) was -1.09%, down 5.92 percentage points from 4.83% in 2021[25]. - The net profit after deducting non-recurring gains and losses was CNY -23.68 million, a decline of 149.82% from CNY 47.53 million in 2021[24]. - The company achieved operating revenue of CNY 332,035,509.62, a decrease of 22.00% year-on-year[47]. - The net profit attributable to shareholders was CNY -13,699,375.21, a decline of 122.63% compared to the previous year[47]. - Total assets at the end of the reporting period were CNY 1,477,711,399.93, down 0.90% from the end of the previous year[47]. Dividend Policy - The board of directors proposed no cash dividend distribution for the year 2022, nor any capital reserve transfer to share capital[6]. - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profit is allocated to cash dividends annually from 2020 to 2022[136]. - For the year 2022, the company proposed not to distribute cash dividends or transfer capital reserves to increase share capital[136]. Operational Challenges - The company faced significant challenges in 2022 due to macroeconomic changes and the tourism market environment, impacting its overall performance[32]. - In 2022, domestic tourism totalled 2.04 trillion yuan, a decrease of 30.00% year-on-year, with total tourist numbers dropping by 7.16 billion to 2.53 billion, a decline of 22.10%[39]. - The company is focused on maintaining its financial stability and addressing operational challenges in the tourism sector[6]. Strategic Initiatives - The company aims to build a comprehensive tourism complex in the Chizhou region, focusing on high-quality development and strategic leadership[32]. - The company is focusing on transforming its hotel offerings and enhancing user-oriented services to diversify its revenue structure[34]. - The company is advancing the construction of major projects, including the Wen Zong Ancient Village and the Jiuhua Mountain Transportation Conversion Center, to enhance its competitive position in the tourism market[37]. - The company is implementing a digital upgrade strategy, enhancing its digital operation capabilities and integrating various tourism resources through its WeChat platform[34]. - The company is actively pursuing national tourism demonstration zone creation and the integration of the Yangtze River Delta region to optimize tourism resource allocation[37]. - The company is committed to high-quality development through the implementation of state-owned enterprise reform measures and enhancing governance efficiency[35]. Governance and Compliance - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company has established a transparent information disclosure system, designating the Shanghai Securities Journal for announcements, ensuring fair access to information for all shareholders[93]. - The company has maintained independence from its controlling shareholder in operations, personnel, assets, and finances, with no reported infringement on shareholder interests[92]. - The company has implemented a risk management framework to enhance its internal control systems and mitigate various operational risks[38]. - The audit report issued by Rongcheng Accounting Firm was a standard unqualified opinion[5]. Market Position and Growth - The company is positioned in the core scenic area of Jiuhua Mountain, covering the entire tourism industry chain, which strengthens its market dominance[41]. - The company is actively participating in the development of the Huainan International Cultural Tourism Demonstration Zone, aiming to establish itself as a key tourism destination[74]. - The company is expanding its business to surrounding areas, reducing reliance on the core tourist resources of Jiuhua Mountain[45]. - The company is exploring potential acquisitions to diversify its portfolio and strengthen its market position[105]. Employee and Community Engagement - The company focuses on enhancing employee well-being, providing a safe work environment, and conducting regular health check-ups, thereby fostering a harmonious labor relationship[146]. - The company actively participates in charitable activities, encouraging employees to engage in community service and environmental initiatives[147]. - The company has implemented a multi-level training mechanism for employees, focusing on management, technical, and frontline service personnel[133]. Future Outlook - The company expects a revenue of 580 million yuan and a net profit of 100 million yuan for the year 2023[81]. - The company plans to develop new products focusing on customized tours, health retreats, and family-friendly offerings[78]. - The company is committed to integrating digital technologies such as AI, big data, and cloud computing into its tourism services[84]. - The company has set a revenue target of 1.5 billion RMB for 2023, aiming for a growth rate of 25%[105]. - Future strategies include increasing investment in sustainable tourism initiatives to attract eco-conscious travelers[105].